Vecmocon Technologies, a deeptech startup focused on clean mobility and based in New Delhi, has secured $18 million in its Series A funding round, led by the Ecosystem Integrity Fund (EIF), with contributions from Aavishkaar Capital, British International Investment (BII), and prior investor Blume Ventures.

Established in 2016 by IIT Kanpur, IIT Delhi, and ISB alumni Peeyush Asati, Shivam Wankhede, and Adarshkumar Balaraman, the company specializes in developing critical safety electronics and software platforms tailored for electric vehicles (EVs). Its offerings include battery management systems, vehicle intelligence modules, motor controllers, intelligent chargers, and cloud analytics.

The founding team's expertise encompasses battery modeling, component design, systems architecture, embedded software, and data science. According to the company, the newly acquired funding will facilitate market expansion, enhance capabilities in embedded design, power electronics, IoT, and data science, and aid in deploying over 100,000 EVs in India.

Additionally, a portion of the funds will be allocated toward expanding the team and establishing R&D infrastructure that meets international standards for the electric automotive industry.

“This infusion of capital will supercharge our efforts to engineer the next generation of the most robust, high-performance, software-defined, and safety-critical systems uniquely tailored for Indian conditions and global deployment in electric vehicles and clean energy systems," Peeyush Asati, Chief Executive Officer, Vecmocon Technologies, says.

Vecmocon raised $10 million funding in its first phase of Series A funding, led by the Ecosystem Integrity Fund (EIF), while Blume Ventures and British International Investment (BII) also joined the Series A round.

Previously the firm raised $5.2 million from Tiger Global, and Blume Ventures in 2022 as part of their pre-series round.

Devin Whatley, Managing Partner, Ecosystem Integrity Fund says, “At EIF, we’re thrilled to support Vecmocon as it builds the technical backbone for India’s rapidly expanding EV ecosystem. Its cutting-edge solutions unlock smarter, safer, and more reliable EVs – accelerating the shift to sustainable transportation.”

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The company currently employs over 215 people and has its solutions deployed in more than 100,000 EVs across two-wheelers, three-wheelers, and light commercial vehicles.